Market Chatter: Enbridge to Replace Leaky Wisconsin Oil Pipeline Monday

By Staff,

Shutterstock photo

Enbridge Inc. ( ENB ) prepared on Sunday to replace part of a pipeline that leaked more than 1,000 barrels of oil in a Wisconsin field, shutting down a key conduit from Canada and provoking fresh ire from Washington, Reuters reports.

On Sunday, the company reportedly said that it tentatively planned to install a new section of pipe on Monday, July 30, although it was still unable to say when the 318,000 barrels-per-day Line 14 would resume service or what had caused the spill, which blackened a small field but did not appear to cause major damage.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: ENB

More from MT Newswires


MT Newswires

MT Newswires

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by